robber07 Wrote:
——————————————————-
> Look at the returns on Leveraged ETFs like FAS and
> FAZ. They don’t correlate over long periods of
> time. Look at FAZ vs FAS for 3 months/ 6 months
> …etc. Couldn’t you just SHORT both ETFs?????

Yes, I’ve done it a few times in the past. The two biggest problems are if you face a slow, steady rise in the price of the underlying; or, what happened to me every time I did it, the shares get called away from you by your broker forcing you to cover. It’s good in theory, but hard in practice.

Cant deny I called that bottom within a couple hours of it happening. Admittedly luck, but up 28% since first post. If it were not for a 2 month holding requirement on my positions I would sell today and take my $83 ($63 net of tax) and take the wife out to Applebees for some of that high life living!